Inflation peaking
The TD-MI monthly inflation gauge turned slightly negative on the headline measure last month, at -0.1 per cent in April.
Now Roy Morgan sees inflation expectations ticking back down from 5.8 per cent to 5.5 per cent, for the same month.
Source: Roy Morgan
The main driver was the fuel excise cut, and brings inflation expectations back into line with where they were from 2009 to 2014 (when the actual underlying inflation rate was in the target band).
